FRMI Class Action Notice: Securities Fraud Lawsuit Filed on Behalf of Fermi Inc. Shareholders

Glancy Prongay & Murray LLP (“GPM”) has filed a class action lawsuit in the U.S. District Court for the Southern District of New York against Fermi Inc. (NASDAQ: FRMI) and certain of its officers on behalf of investors who purchased Fermi shares in the company’s October 2025 IPO or acquired securities between October 1, 2025, and December 11, 2025. The case, Lupia v. Fermi, Inc., Case No. 1:26‑cv‑00050, asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. According to the complaint, Fermi’s registration statement and public statements during the class period contained materially false or misleading information and omitted critical facts about the company’s business, operations, and prospects. Plaintiffs allege Fermi overstated demand for its Project Matador AI campus, failed to disclose its heavy reliance on a single tenant’s funding for construction, and did not reveal the significant risk that the tenant’s commitment might be terminated. The lawsuit follows Fermi’s December 12, 2025 disclosure that the first tenant for the Project Matador campus had terminated a $150 million construction funding agreement, triggering a roughly 33.8% drop in the company’s stock price on heavy trading. By the start of the action, Fermi’s share price had fallen as much as 59% below its IPO price. Investors have 60 days from this notice to file a motion to be appointed lead plaintiff. #Fermi #SecuritiesFraud #ClassAction #InvestorRights #SlimScan #GrowthStocks #CANSLIM